Exciting News: SHIB Finds Support at $0.00000812 and Breaks Out After 728 Days!
As the crypto market shows signs of improvement, SHIB has also revealed a strong recovery on the daily chart, breaking out of a multi-year drop that has been restricting its price gains for almost two years.
The big question now is, what’s next for SHIB as the bulls continue to rally?
After finding crucial support at the $0.00000812 price range, SHIB has remained below its all-time high of $0.00008845 for the past two years, following a decline during the bearish market. However, it surged to $0.000015 early in February 2023 before seeing a drop to $0.00000543 in June.
The $0.00000812 support level has proven to be crucial for SHIB’s price movements. After finding support at this level, it traded as high as $0.0000096 on November 11 before experiencing another decrease, and history repeated itself on November 24.
Currently, the bears at the $0.00000852 resistance level are trying to limit the price gains, but the indicators suggest a possible uptrend in the coming days.
Historical data indicates a short-term retracement, but with a potential for a break above the $0.00000852 resistance level if the bulls continue to gain control.
Furthermore, significant developments such as the launch of Shibarium and its integration with Atomic Wallet have likely contributed to SHIB’s price gains. Shibarium has now become one of the most active networks, attracting more partners to the community and generating positive feedback from the SHIB Army.
Overall, SHIB’s recent recovery and the advancement of Shibarium have sparked excitement and optimism for its future price movements.
